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2016
No.
2015
No.
(i) Movement in the number of share options held under
employee share option plan are as follows:
Opening balance
3,380,000
1,855,000
Granted during the year
1,794,000
2,000,000
Exercised during the year
-
-
Lapsed during the year
(35,000)
(475,000)
Closing balance
5,139,000
3,380,000
$’000
$’000
(ii) Details of share options exercised during the year:
Proceeds from shares issued
-
-
Fair value as at issue date of shares issued during the year
-
-
(iii) Details of lapsed options
No.
No.
Key management personnel
-
425,000
Employee
35,000
50,000
Lapsed during the year
35,000
475,000
(d) Capital management
When managing capital, the Directors’ objective is to ensure the entity continues as a going concern as well as to maintain optimal
returns to shareholders and benefits for other stakeholders.
During 2016, the Board paid dividends of $10.0 million (2015: $13.3 million). The amounts and ratio of future dividends have not been
determined.
Note 16: Share based payments
(a) Employee share option plan
Details of the options granted are provided below:
Grant
date
Expiry
date
Exercise
price
Balance at the
beginning of
the year
Granted
during the
year
Exercised
during the
year
Expired
during the
year
Balance at
the end of
the year
Exercisable
at the end of
the year
31/07/2013 31/07/2016
$4.30
780,000
-
-
(35,000)
745,000
745,000
21/11/2013 31/07/2016
$4.30
600,000
-
-
-
600,000
600,000
3/02/2015 3/02/2018
$1.32
2,000,000
-
-
-
2,000,000
2,000,000
22/07/2015 22/07/2018
$1.11
-
1,000,000
-
-
1,000,000
1,000,000
25/01/2016 25/01/2020
$0.82
-
794,000
-
-
794,000
-
3,380,000
1,794,000
-
(35,000) 5,139,000
4,345,000
The weighted average remaining contractual life for share options outstanding at the end of the period was 1.25 years.
ACRUX ANNUAL REPORT 2016 53